Microsoft on Monday announced a deal to acquire attack surface management firm RiskIQ to bolster the tech giant’s capabilities around providing security across both cloud and on-premises environments.
Microsoft did not disclose the financial terms of the acquisition, but a Bloomberg report said the acquisition of RiskIQ will have a price tag of US$500 million (AU$668 million) and will be a cash deal.
The planned acquisition comes as Microsoft is seeking to enable zero trust security for its customers, based around the principle that no user should be trusted by default since they could be compromised.
“As organizations pursue this digital transformation and embrace the concept of Zero Trust, their applications, infrastructure, and even IoT applications are increasingly running across multiple clouds and hybrid cloud environments,” Microsoft cloud security vice president Eric Doerr wrote in a blog post announcing the RiskIQ acquisition deal.
Microsoft to beef up security portfolio with reported half-billion-dollar RiskIQ buyout
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Microsoft To Acquire RiskIQ In Zero Trust Security Push
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